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crypto entrepreneur Justin Sun has said China is poised to flip on bitcoin and crypto, calling his recent legal victory in China "very important"
One of the top cryptocurrencies by market cap, XRP, has continued to garner investor speculation today, July 9. Against the backdrop of massive whale movements, as nearly 237 million coins was shuffled, the Ripple-backed crypto illustrated a highly turbulent price action.
Can Ripple (XRP) reach $1 by 2025? Explore the key drivers behind this bold but realistic prediction.
Today, Whale Alert reported a significant movement of 150 million XRP between two addresses. One of the addresses involved in the transaction remains unknown, while the other belongs to Ripple.
The XRP Ledger community has recently received a crucial alert. This warning comes as scammers have created a fake xSPECTAR token, replicating the currency hex code to mimic the legitimate one.
In the legal battle between Ripple and the US Securities and Exchange Commission (SEC), the XRP army remains on edge as they await a potential ruling on remedies and penalties. The legal proceedings concluded 61 days ago with the final regular filings.
Ripple, the XRP Ledger (XRP) developer and largest holder, spent 150 million XRP from this month's reserves on July 9. The sale is worth $64.5 million, $13.5 million less than the same activity last month, as reported by Finbold.
Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018.
The Ripple Network (XRP) witnessed a surge in adoption rate on July 8. This caused the total transaction count recorded on that day to climb to levels last observed in February.
Following the bearish week, the crypto market witnesses a massive altcoin dump. Amidst the crashing altcoins, XRP price broke below the $0.50 psychological mark with an 11% fall last week. XRP fell by 8.44% in July alone, while Bitcoin (BTC) dropped by 8.61%.
XRP's struggling days are facing another challenge as the price has declined even more with the crypto market crash days ago. The Ripple native token long left its profiting days in 2021 and has barely survived in the market with constant community support.
XRP price analysis: In the past 24 hours, the price of XRP has risen by 3.3%, reaching $0.434 during European business hours on Tuesday. Despite this increase, the asset continues to face resistance at the $0.45 level, with current market conditions keeping it below this threshold.
Some analysts believe XRP's recent revival is just the start of a massive bull run.
XRP price is slowly moving higher from the $0.400 support zone. The price is consolidating and might aim for a decent increase above $0.450.
XRP can see key support at $0.3917 and potential targets at $1.88, $5.85, and $18.22, despite recent declines.
Speculation grows on a July verdict in the Ripple case. Does another SEC lawsuit loom?
XRP could be moving toward a reversal as the asset has painted a morning doji star candlestick reversal pattern. It is usually the first technical reversal sign for an asset that has been moving downwards for a prolonged period of time.
Crypto analyst Dark Defender has highlighted an important indicator that could cause the XRP price to repeat its legendary price move from 2017. The analyst joins several other analysts who have suggested that XRP could replicate its price gains from that bull run.
Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term.
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Short position traders have taken over XRP, but the altcoin could be liquidated if the price continues to rebound.
As XRP falls below $0.47 amid XRP lawsuit struggle with the SEC, is it a good time to buy XRP?
Pro-XRP lawyer Fred Rispoli, founder of HODL Law, has made an epic prediction about when Judge Analisa Torres will issue a summary judgment decision in the U.S. Securities and Exchange Commission (SEC) vs. Ripple lawsuit.
Despite Ripple's impressive defense against the Securities and Exchange Commission over the past year, XRP price remains as vulnerable as the rest of the crypto market, with a tumultuous tumble still gripping the XRP price.
